Leyton Orient have revealed the club is in talks regarding a potential takeover of the club.
Orient, who lost a penalty shoot-out in the Sky Bet League One play-off final at Wembley in May, have confirmed that Barry Hearn is discussing a deal about the sale of his club shares.
A statement issued on the club's official website read: "Leyton Orient can confirm that chairman Barry Hearn is in talks with Italian businessman Francesco Becchetti regarding the sale of his shareholding in the club.
"The sale is subject to due diligence and Football League approval and the club will not be making any further comment at this stage."
Hearn, 66, boxing promoter and chairman of promotions company Matchroom Sports, bought the London club in 1995 from former owner Tony Wood.